The gap in salaries of top managers and employees of the banks on Wall Street significantly reduced. In the United States, the difference between the wage of financial companies’ managers and employees remarkably dropped down. Moreover, according to The Wall Street Journal, in the lower echelons,...

Diageo has entered into an agreement with South Africa-based United National Breweries to acquire an additional 50 per cent stake in the company and essentially turning it into a 100% owned subsidiary.   The world’s largest spirit maker took the reins of UNB with an initial payment of $22...

Tesla Motors has sold 10,030 electric vehicles in I quarter, the company said on Friday. This is 55% more than the same period in 2014. Generally in 2015, Tesla plans to sell 55,000 electric vehicles. Unlike many automakers, Tesla reports on sales than not monthly but quarterly. In addition, the...

US auto sales back on race track in March after long frozen winters. US consumer’s confidence mounted steeply in March 2015 after an ease during the harsh winter season. Despite a sharp rebound, the US auto industry experienced upsurge in demand for new vehicles in March. Detroit automakers...

South Korea's Samsung Electronics has won the tender for supplying Apple with processor A9, core chips for the next iPhone model - despite the continuing intense competition on a global smartphone market, Bloomberg reports, citing informed sources. Last year, Taiwan Semiconductor Manufacturing Co....

Swiss bank UBS study the prospects for the use of Bitcoin technology in the financial sector. This work will take a special team, which will begin in London later this month. In April 2015, the largest Swiss bank UBS in London will bring a team of experts from the financial and technology sectors....

The European Commission is preparing to propose formal charges of violating antitrust laws against the American corporation Google. According to the newspaper The Wall Street Journal, charges may be brought against the company in the coming weeks. If the authorities of the EU still bring charges...

US-based electric car company Tesla Motors has announced that the company would unveil a major non-car product by the end of April, which has created quite a stir in its stock trade.   The futuristic company has been finding its stocks getting prime importance thanks to its potential than...

Target is about to abandon its expansion in Canada, in just two years of its launch in the country. Target is all set to bid farewell to Canada even much earlier than its plans. The company operates in almost 133 location across the nation which are expected to shut down permanently by middle of...